(PE Hub) Wynnchurch Capital has acquired U.S. Manufacturing Corporation. Based in Warren, MI and Guanajuato, Mexico, USM is a manufacturer of highly engineered extruded products and solutions for a variety of industrial markets.
Wynnchurch Capital (”Wynnchurch”), a leading middle-market private equity firm, has acquired U.S. Manufacturing Corporation (“USM” or the “Company”), a premier manufacturer of highly engineered extruded products and solutions for a variety of industrial markets. Based in Warren, MI and Guanajuato, Mexico, USM utilizes its proprietary VARI-LITE® extrusion process to provide its customers with significant cost and weight savings while adding strength to its products.
“I am very proud to say my father started this business in 1964 and our family has worked extremely hard to carry on his tradition of customer service and “can do spirit”
Brian Simon, CEO of USM, said “I am very proud to say my father started this business in 1964 and our family has worked extremely hard to carry on his tradition of customer service and “can do spirit”. We are excited to continue this tradition through our new partnership with Wynnchurch. With their track record, relationships and support, we will continue to build USM into a global, first class business focused on servicing our customers.”
Terry Theodore, a Partner with Wynnchurch, said, “USM is a thought leader in its industry that has developed a unique, proprietary technology over decades of work. This technology allows its customers to meet ever increasing standards and requirements and serves as a real means of differentiation. We are excited to add USM to our portfolio and help lead this next phase of their growth.”
Chris O’Brien, a Managing Director with Wynnchurch, added, “We believe USM’s superior products created through its VARI-LITE® process leave the Company well positioned for future growth not only in its existing markets but also in a variety of new end markets and geographies. We look forward to supporting Brian and his team as we pursue these strategic initiatives.”
GE Antares Capital served as Administrative Agent and GE Capital Markets served as Lead Arranger and Sole Book Runner on the transaction. William Blair & Company served as financial advisor to Wynnchurch Capital on the financing. In addition, Foley & Lardner LLP acted as legal counsel to Wynnchurch.
About U.S. Manufacturing Corporation:
U.S. Manufacturing Corporation is a premier manufacturer of highly engineered extruded products and solutions for a variety of industrial markets. It provides innovative engineering and lean flexible manufacturing processes for products that are characterized by their superior value, weight reduction and strength. This is accomplished through our extensive knowledge of cold extrusion processing, our excellence in welding and machining, and our ability to collaborate with our customers to meet their needs in a timely, cost effective manner. For more information, please visit: www.usmfg.com.
About Wynnchurch Capital:
Wynnchurch Capital, headquartered in the Chicago suburb of Rosemont, Illinois with offices in Detroit, Toronto, and an affiliate office in Montreal, was founded in 1999 and is a leading middle-market private equity investment firm. Wynnchurch’s strategy is to partner with middle market companies in the United States and Canada which have outstanding management teams and possess the potential for substantial growth and profit improvement. Wynnchurch focuses on investments in niche manufacturing, business and industrial services, energy and power services, logistics, transportation and value-added distribution. Wynnchurch manages a number of private equity funds with capital under management in excess of $1 billion, specializing in management buyouts, recapitalizations, corporate carve-outs, restructurings and growth capital.